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The Guardian World

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Jim Chalmers is putting a positive spin on the economy, but is the outlook for Australia grim?

The economy was slowing even before the Middle East conflict and interest rate hikes started to bite, while the boom in datacentres was a rare bright spot Get our breaking news email, free app or daily news podcast The economy slowed sharply in early 2026 and Australians’ living standards are once again going backwards. At the risk of upsetting the treasurer by “talking down the economy”, as he put it, there wasn’t all that much to love in the latest national accounts. Continue reading...

Daily Mail (News)

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Australia's economy slumps in the wake of interest rate rises, Budget and fuel crisis

Australia's economic growth rate slowed to 0.3 per cent in the first three months of the year.

The Guardian World

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Wildfires devastating richer areas but fewer hectares burned globally – study

‘Megafires’ in California, Canada, South Korea and Europe in 2025, but changes to farming slowed spread in parts of Africa “Devastating” wildfires ripped across the wealthier parts of the world in 2025, a study has found, even as globally, the area ravaged by flames fell. Catastrophic blazes claimed lives, homes and jobs last year in California, Canada, Europe and South Korea. But the 335m hectares burned was the second-lowest since 2002, the review found, largely owing to the expansion of African farms that have fragmented landscapes and hampered the spread of large savannah fires. Continue reading...

The Guardian World

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Middle East crisis live: Trump claims Iran attack ‘on hold’ due to request from Gulf allies

The US president said he called off a planned attack on Iran on Tuesday so that peace talks could continue Full report: Trump claims planned attack on Iran postponed after Tehran makes new proposal to end war G7 finance ministers are looking at ways to contain the economic fallout resulting from the war in Iran, which has sent global energy prices soaring and slowed down growth. Finance ministers and central bank governors from G7 countries met in Paris for a second day of talks to discuss responses to the fallout amid continued volatility on global bond markets. Along with rising energy prices, policymakers are also expected to discuss sanctions policy and how to limit the economic impact the effective closure of the strait of Hormuz is having on poorer, import-reliant countries. Continue reading...

The Guardian World

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UK unemployment unexpectedly rises to 5% as firms squeezed by Iran war

Pay growth eases to 3.4% as businesses face pressure from soaring energy costs Analysis: No feelgood factor for Reeves Business live – latest updates Unemployment in the UK has unexpectedly risen to 5% while wage growth has slowed, according to official figures, in the first snapshot of how companies are reacting to the impact of the Iran war. The Office for National Statistics (ONS) said the rate of unemployment was up in the three months to March, from 4.9% in February, a rate that City economists had expected to hold steady. Continue reading...

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타임라인 키워드

Jim Chalmers is putting a positive spin on the economy, but is the outlook for Australia grim?

Australia's economy slumps in the wake of interest rate rises, Budget and fuel crisis

Wildfires devastating richer areas but fewer hectares burned globally – study

Middle East crisis live: Trump claims Iran attack ‘on hold’ due to request from Gulf allies

UK unemployment unexpectedly rises to 5% as firms squeezed by Iran war